Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

New Zealand job ads edge down 0.1 percent in November - ANZ survey

WELLINGTON (Reuters) - Job advertisements in New Zealand inched down 0.1 percent from the previous month in November, a survey by ANZ Bank showed on Wednesday.

Despite the slip, job ads remain near historic highs as the country experiences a skilled labour shortage that economists said should soon begin to filter through to wage inflation.

"Ongoing tightness in the labour market means that the wage growth pendulum looks set to finally start to shift a little higher," said Kyle Uerata, economic statistician at ANZ in a research note accompanying the release.

On an annual basis job ads grew 7.7 percent, the survey showed.

(Reporting by Charlotte Greenfield; Editing by Hugh Lawson)

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.